Annual General Meeting

2020 Annual General Meeting Summary

Tuesday, April 28, 2020 at 4.30pm


Amendment to By-Law No. 1

  • 170 votes in favor
  • 13 votes not in favor

Resolution is carried by majority membership.

Election of Directors

Three director positions have been filled as follows:

  • Bette Choquette
  • Floyd Laughren
  • Lindsay Liske

Directors are elected for three year terms each.

Responses to questions from Membership

Valley East has an increasing population will the board consider opening a branch in the Valley?

Sudbury Credit Union always looks for opportunities and an optimal branch network is in the Credit Union’s strategic plan.

Why not 1 or 2 candidates to vote for, why must we vote for 3?

This is to fill the three available Board positions and it is the standard procedure for the Credit Union to vote for the exact number of positions available.

Why do I have to vote on all amendments as one?

Some of the amendments are connected and the amendments were not significant in nature, therefore more expedient to complete as one resolution.

Why is there no interest paid on my chequing account?

Not being aware of the specific accounts this member has, the Credit Union offers interest bearing accounts and non-interest bearing accounts.

Our AGM Format Has Changed

Due to the current limitations on public gatherings, we have cancelled our in-person AGM scheduled for April 7th.

Instead, members will be able to exercise their voting rights through an online platform. Members will vote for our Board of Directors, as well as proposed by-law changes. Voting will take place from 9am on Friday, April 17, 2020 until 4pm on Friday, April 24, 2020.

Online voting has now closed.

The Annual General Meeting will take place on Tuesday, April 28, 2020. The meeting will be attended by a limited number of members and the Board of Directors. The purpose of the meeting is:

  • To accept the minutes of the 2019 AGM
  • To receive the report of the audit committee, the auditor’s report, and the audited financial statements
  • To appoint the external auditor
  • Announce the results of the By-Law amendment
  • Announce the Director election results
  • To transact such other business that may properly come before the meeting.